The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-01-12
An Old and Well-Posted Senator Gives Good
Advice, the Burden of Which Is that Il
Will Be Safe Not to Speculate Now.
The Typographical Union Very Much in
Earnest in Its Fight on Benedict.
Outrageous Treatment of White and Colored
Republicans in Texas-Prosper0us Con-
dition Of the Presidents Church.
THE INTERSTATE BILL.

Spectators Anxious TO Obtain ''Pointers'--
A Sage Senator's Good Advice.
Special to the Indianapolis Journal
WASHINGTON, Jan. lL--There has been great
deal of inquiry by professional brokers in tho.
Western and central Statesmen not located in
the large cites-concerning the probability Of
the interstate commerce bill becoming a law by
act Of this Congress. OF course, the design is to
speculate the information Your correspond
ent to-day went to one Of the Oldest and best
posted Senators in regard to this matter for the
purpose OF being able to give pointers to the iu-
qurers He said:
MY young friend steer clear of all spacula-
tions on the strength of the Interstate commerce
bill. am for the measure. but can tell you
that its passage is very doubtful matter. So
far the stock market is concerned the bin has
been discounted. The brokers have discounted
cyery phase it can assume. If it only gets
through the Senate that will cause furry; but
that has been anticipated. If it should go
through the House, then you might do some
| thing. Under the present state of affairs tho
market is just as likely to go up down, when
bears would suffer instead of the bulls"
I'm the event the bill should go through the
House l ought to sell trunk lines, ought not?
The Senator smiled at the impertinence and
then replied:
Sell short lines. The short roads will suffer
m ore under the law than the trunk lines. Whyl
Well, will tell you. The trunk lines can take
| care of their through business, and therefore
| meet the long-haul provision without the assist
ance Of other roads, while the short ones are at
| the mercy of the long roads, and can only get
what Is thrown in their way. so far as through
business is concerned, as they Will not be allowed
| to pool"
| 1t is reported, however. that members OF Con-
rress have tho option on hundreds of thousands
| Of shares of the trunk-line stocks and that they
| intend to play havoc in the event the interstate
| commerce bill passes the House The story that
large sums Of money have been spent In defeat
ing this measure and helping the Pacific funding
hssl Is received absurdity here. There
may have been a good deal of money expended
on attorneys, but not in buying votes. 1t has
become plain to the railroad managers that the
public demand for an interstate law cannot
longer be ignored, and they have made up thei 2
minds to submit. and save their brbc money
Desperate efforts to be made to recon- NIT
the report on the bill to get further conferences,
to strike out the antipooling clause, and to
| thwart final consideration. 1t is conceded BY
the friends of the measure that it may 60 into
| the hands of several conference committees but
the best judgment is that it will be finally
passed. There is an immense demand from the
| country fer the passage of the measure.
| Through diligent work the railroad companies
have succeeded in dividing the sentiment in
some of the large cities but the country seems
| to be solid for it.